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Daily Archives: October 9, 2008

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Carlos Slim Adds to Saks Stake (SKS)

Posted: October 9, 2008 at 5:05 pm

Saks Inc. (NYSE: SKS) may have gotten a better endorsement than if Warren Buffett or Bill Gates bought into the retailer.  Mexican billionaire and the second richest man in the ...
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DJIA: 19 Days To Zero?

Posted: October 9, 2008 at 4:55 pm

Today's drop of 678.91 points to the close of 8,579.19 on the DJIA is actually a drop of 1,746.19 points since Friday's close.  That represents nearly a 17% drop over ...
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Apocalypse Now: Do The Markets Have A Chance To Recover

Posted: October 9, 2008 at 4:52 pm

There were several pieces of bad news today, but three stand out. This news may have been the primary cause of the market sell-off which took the Dow down 679 ...
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Can GE Earnings Rescue the Market? (GE)

Posted: October 9, 2008 at 3:45 pm

We are set for earnings out of General Electric Co. (NYSE: GE) early Friday morning.  If you have been watching the tape and if you have been paying attention to ...
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The 52-Week Low Club (NWS)(CBS)(YHOO)(GE)(JAVA)(SBUX)(PFE)(GM)

Posted: October 9, 2008 at 3:07 pm

GM (GM) Concerns that global car sales will fall again in 2009 and company will get short on money. Down to $5.22 from 52-week high of $43.20.News Corp (NWS) Weak ...
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Will Alcoa Lose Its Investment Grade Rating? (AA)

Posted: October 9, 2008 at 2:45 pm

Standard & Poor's Ratings Services has already put GM's credit ratings on watch today, and the ratings agency is also putting the credit rating of Alcoa, Inc. on "Negative Outlook" ...
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IPO Withdrawal: Value Financial Services, A Pawn Shop

Posted: October 9, 2008 at 2:14 pm

A firm called Value Financial Services, inc. has just pulled its pending initial public offering today.  The reasons should be evident enough as to why, but it said it is ...
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The Brunswick Boat Sinks (BC)

Posted: October 9, 2008 at 2:06 pm

Brunswick Corporation (NYSE: BC) is being hit hard after the company announced that it will accelerate its previously announced efforts to re-size the company and to remove $300 million in ...
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Libery Media’s Malone Unloads Shares… To Liberty Media (LCAPA, LINTA, LMDIA)

Posted: October 9, 2008 at 1:42 pm

Chairman John Malone of Liberty Media Corp. (NASDAQ: LCAPA) sold 4.5 million shares of common stock on October 7, 2008 at a price of $11.00 per share.  He still holds ...
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New “Wall Street Journal” Survey: Worst Recession In Over 50 Years

Posted: October 9, 2008 at 1:28 pm

The people at The Wall Street Journal have been working overtime to depress their readers. In the latest Wall Street Journal forecasting survey, "On average, the 52 economists surveyed now ...
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JD Power: 2009 Car Market Could Be “An Outright Collapse”

Posted: October 9, 2008 at 11:57 am

The news from the automobile industry did not improve today. Research firm JD Power warned that 2009 could be a more troubled year for sales that 2009 was. “While the ...
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Using 2001 to 2003 DJIA Lows For Support

Posted: October 9, 2008 at 11:51 am

As the DJIA is now closer to breaking down under the mental 9,000 barrier, we wanted to run some old support levels to illustrate where the market used support in ...
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What Chevron is Likely to Say Might Not Matter (CVX, XOM, COP)

Posted: October 9, 2008 at 11:24 am

After the market closes today Chevron (NYSE:CVX) is releasing its interim update for the third quarter of 2008. Typically these updates paint a pretty accurate picture of what investors can ...
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Artesian Resources, Winning Water Assets On Bad Week (ARTNA)

Posted: October 9, 2008 at 10:31 am

Cecil County, Maryland, has approved the transfer of its water distribution and wastewater assets to Artesian Resources (NASDAQ:ARTNA) this week. This is just the latest in a string of conversions ...
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Ethanol Wars: Xethanol Vs. Pacific & VeraSun (XNL, PEIX, VSE)

Posted: October 9, 2008 at 10:24 am

After the market closed yesterday, Xethanol Corporation (AMEX:XNL) announced that a Federal Court had approved the settlement Xethanol had reached in a class action suit alleging that the company had ...
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